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The Environment, Social and Governance framework is a world first for insurers and puts Guernsey at the forefront of sustainable finance.
The framework has been designed by the Guernsey International Insurance Association, enabling insurers who are members of the GIIA to self-certify.
“ESG-related criteria has moved from a peripheral concern to one that is front and centre of decision making,” said GIIA Chairman, Mark Elliott.
“This framework acknowledges that we are a long way from agreement on a single standard for ESG in the insurance space, so it is an important first step on the journey towards recognising the work that Guernsey insurance entities do,” he said.
Pictured: The framework consists of four pillars that must be completed to achieve the accreditation.
The Deputy Chair of the GIIA, Adele Gale, said the framework seeks to achieve a behavioural change.
“I think it is important to say that this is the start of the journey," she said. “We are leading the change and want to encourage other jurisdictions to do the same."
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